Could Pension Funds Boost Bitcoin Prices to New Heights?

Will a significant shift in pension fund strategy drive Bitcoin’s price higher? Bill Miller IV, Chairman and Chief Investment Officer of Miller Value Partners, believes so. He argues that even a small allocation towards cryptocurrencies by global pension funds could significantly boost Bitcoin’s value, citing an analysis where a 1% increase in their investment would translate to a $30,000 rise in Bitcoin price. This potential influx of capital hinges on pension funds allocating just 2% of their $60 trillion assets to cryptocurrency.